FAQ

Frequently Asked Questions

WHAT IS SYNTHESIS BANK?

Synthesis Bank is a sophisticated smart investment bank built on ethereum smart contract, that allowing investors to invest in digital assets and other new alternative financial products in the blockchain ecosystem. A unique crypto investment service which seeks to capitalize on the growth and market adoption of crypto currencies.

Synthesis Bank is a global decentralized service utilizing the ethereum blockchain, it has combined all advantages of DeFi. Simplicity, transparency, profitability are key principles of Synthesis Bank.

 

IS SYTHESIS BANK A REGISTERED AND LEGAL COMPANY?

Synthesis Bank is a legally registered and legitimate Llc company, Established in the Cayman Islands jurisdiction. 

WHAT IS ETHEREUM?

Ethereum (ETH) is one of the leading cryptocurrency, which has existed since 2015. At the same time, it is a software framework for the DeFi (decentralized finance) market, since the blockchain of this crypto currency allows you not only to follow the history of transactions, but also to save any executable software products (smart contracts). A huge number of major crypto companies use this platform.

WHAT IS A SMART CONTRACT?

A smart contract is an algorithm within a cryptocurrency’s blockchain. In our case, Ethereum is our choice among those on which it is possible to create smart contracts.

A Smart-contract is a digital protocol for an automatic execution of pre-programmed conditions. A Smart-contract cannot be amended after its publication. (Smart contract – Wikipedia)

WHAT ARE ITS ADVANTAGES?

1) Immediate funding without third-parties. Smart contracts autonomously perform funding – collect and release payments

2) Open-source smart contract ensures fair and transparent deals between synthesis bank and investors

3) Gain access to institutional-grade quant trading strategies, market making, algo/HFT with real-time level 1 order book data.

4) Established in the Cayman Islands jurisdiction. Cayman are a popular international jurisdiction for the incorporation of financial, investment and blockchain companies.

5) Crypto Assets are held by custodians. All auditings of synthesis bank operations is provided by tier 1 firm

6) As a certain portion of funds remain in liquidity reserves, we implement a viewer access API for on-demand access to balances and transactions.

WHAT IS DECENTRALIZATION?

The process works based on distributing authority from a centralized administration to the participants involved in the process. Unlike a centralized system, all decisions are made by consensus.

WHAT DO I NEED TO DO IN ORDER TO JOIN?

To join synthesis bank, you need to install on your device (smartphone, tablet, PC) Metamask crypto wallet. 

WHICH WALLET SHOULD I USE?

We recommend using: – Metamask metamask.io 

WHERE CAN I GET MORE INFORMATION ABOUT SYNTHESIS BANK?

We recommend subscribing to verified Synthesis Bank Telegram channels and social networks. There you can ask questions to participants who will be happy to share their experiences.

WHAT DO I NEED TO DO TO CREATE AN ETHEREUM WALLET?

You need to go to the metamask.io website and install the extension for your browser or mobile devices.
When registering, do not forget to safely and securely save the passwords for accessing the wallet.